PIG TECHNICS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PIG TECHNICS
Largest movements
- Cash +€64,470
up €64,470 (+101.5%), from €63,542 to €128,012
mainly Advances received (+€53,539) and Net result for the year (+€48,658)
- Receivables within one year +€35,342
up €35,342 (+86.4%), from €40,926 to €76,268
of which Trade receivables: +€35,840
- Tangible fixed assets -€6,727
down €6,727 (-23.9%), from €28,154 to €21,427
of which Plant, machinery and equipment: -€6,432
- Advances received +€53,539
new in 2024: €53,539
- Reserves +€48,658
up €48,658 (+61.5%), from €79,179 to €127,837
- Tax, wage and social debts -€7,599
down €7,599 (-23.9%), from €31,830 to €24,231
- Short-term financial debts -€3,782
no longer reported in 2024 (was €3,782)
- Gross operating margin +€19,496
up €19,496 (+40.2%), from €48,501 to €67,997
- Depreciation +€3,049
up €3,049 (+55.4%), from €5,506 to €8,555
- Taxes -€1,314
down €1,314 (-12.5%), from €10,530 to €9,216
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,905 | €225,707 | +€92,802 | +69.8% |
| Formation expenses | 20 | €282 | - | -€282 | |
| Fixed assets | 21/28 | €28,154 | €21,427 | -€6,727 | -23.9% |
| Tangible fixed assets | 22/27 | €28,154 | €21,427 | -€6,727 | -23.9% |
| Plant, machinery and equipment | 23 | €27,594 | €21,161 | -€6,432 | -23.3% |
| Furniture and vehicles | 24 | €560 | €265 | -€294 | -52.6% |
| Current assets | 29/58 | €104,469 | €204,280 | +€99,812 | +95.5% |
| Amounts receivable within one year | 40/41 | €40,926 | €76,268 | +€35,342 | +86.4% |
| Trade receivables | 40 | €39,879 | €75,718 | +€35,840 | +89.9% |
| Other amounts receivable | 41 | €1,048 | €550 | -€498 | -47.5% |
| Cash at bank and in hand | 54/58 | €63,542 | €128,012 | +€64,470 | +101.5% |
| Total equity and liabilities | 10/49 | €132,905 | €225,707 | +€92,802 | +69.8% |
| Equity | 10/15 | €81,679 | €130,337 | +€48,658 | +59.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €79,179 | €127,837 | +€48,658 | +61.5% |
| Distributable reserves | 133 | €79,179 | €127,837 | +€48,658 | +61.5% |
| Amounts payable | 17/49 | €51,226 | €95,370 | +€44,144 | +86.2% |
| Amounts payable within one year | 42/48 | €50,556 | €94,020 | +€43,465 | +86.0% |
| Financial debts | 43 | €3,782 | - | -€3,782 | |
| Credit institutions | 430/8 | €3,782 | - | -€3,782 | |
| Trade debts | 44 | €347 | €1,814 | +€1,467 | +423.1% |
| Suppliers | 440/4 | €347 | €1,814 | +€1,467 | +423.1% |
| Advances received on contracts in progress | 46 | - | €53,539 | +€53,539 | |
| Taxes, remuneration and social security | 45 | €31,830 | €24,231 | -€7,599 | -23.9% |
| Taxes | 450/3 | €31,830 | €24,231 | -€7,599 | -23.9% |
| Other amounts payable | 47/48 | €14,597 | €14,437 | -€161 | -1.1% |
| Accrued charges and deferred income | 492/3 | €670 | €1,350 | +€680 | +101.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,506 | €8,555 | +€3,049 | +55.4% |
| Other operating charges | 640/8 | €90 | €95 | +€5 | +5.1% |
| Gross operating margin | 9900 | €48,501 | €67,997 | +€19,496 | +40.2% |
| Operating profit (loss) | 9901 | €42,905 | €59,348 | +€16,442 | +38.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -57.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -57.1% |
| Financial charges | 65/66B | €1,219 | €1,473 | +€254 | +20.8% |
| Recurring financial charges | 65 | €1,219 | €1,473 | +€254 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €41,686 | €57,874 | +€16,188 | +38.8% |
| Income taxes | 67/77 | €10,530 | €9,216 | -€1,314 | -12.5% |
| Profit (loss) for the period | 9904 | €31,156 | €48,658 | +€17,502 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,156 | €48,658 | +€17,502 | +56.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.